The adoption of IFRS based reporting in Australia for all reporting periods commencing 1 January 2005 onwards resulted in substantial variations to prior accepted reporting practices. One area in which change was particularly profound was in the shift to an impairment testing based regime for...

By the end of 2011, global markets continued to bear the weight of negative investor sentiment with concerns over sovereign debt, difficulties in accessing credit and glimpses of slow-downs in key quarters of the global economy. Against this backdrop, corporate earnings are under pressure and...

That which at first blush seems simple often reveals deep complexity upon closer, more prolonged investigation. So it is with discount rates. As hammers and nails are to a builder, discount rates are to practitioners in the domain of accounting, finance and financial management. They are, and...